Canada’s Leading Newspaper Group Primed to Open Online Casino to ‘Fund Journalism’

In a press release issued through the company’s corporate website, Torstar revealed its plans to launch an online casino brand in the regulated Ontario iGaming market.

In the release, Corey Goodman, Chief Corporate Development Officer at Torstar said:

As an Ontario-based media business and trusted brand for more than 128 years, we believe Torstar will provide a unique and responsible gaming brand that creates new jobs, offers growth for the Ontario economy and generates new tax revenue to help support important programs in our province.”

Torstar’s plans have yet to be approved by the Alcohol and Gaming Commission of Ontario.

The Ontario government recently announced legislation that would put the commission in charge of the regulation and management of private iGaming operators. However, the legislation has yet to be enacted but will likely be signed into law in the coming months. If enacted, Ontario will become the first province with privately-owned online casinos in Canada.

Gaming Consultant Jim Warren who is advising Torstar on its launch said:

What we do know is that Torstar is looking at diversifying the revenue model of how we fund and pay for reporters, columnists, and editorial staff.”

The online casino launch is the latest is a series of moves to diversify Torstar’s revenue streams in order to fund journalism.

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.